Playa Hotels & Resorts (NASDAQ:PLYA) Lifted to “Hold” at BidaskClub

Playa Hotels & Resorts (NASDAQ:PLYA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, BidAskClub reports.

Several other equities analysts have also issued reports on the company. Deutsche Bank reiterated a “buy” rating and issued a $13.00 price objective on shares of Playa Hotels & Resorts in a research report on Sunday, December 15th. Macquarie started coverage on shares of Playa Hotels & Resorts in a report on Thursday, January 9th. They issued an “outperform” rating and a $10.00 price target for the company. ValuEngine upgraded shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, TheStreet lowered shares of Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.44.

Shares of PLYA stock traded up $0.04 on Tuesday, hitting $7.67. The stock had a trading volume of 5,621 shares, compared to its average volume of 244,378. Playa Hotels & Resorts has a twelve month low of $6.35 and a twelve month high of $8.95. The firm has a market cap of $985.01 million, a P/E ratio of 23.97 and a beta of 0.32. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.19. The company has a fifty day moving average price of $7.81 and a two-hundred day moving average price of $7.72.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.07). Playa Hotels & Resorts had a negative net margin of 0.10% and a positive return on equity of 2.07%. The business had revenue of $132.83 million during the quarter, compared to analyst estimates of $130.47 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis.

In related news, COO Alexander Stadlin sold 11,816 shares of Playa Hotels & Resorts stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $7.55, for a total value of $89,210.80. Following the sale, the chief operating officer now owns 643,795 shares of the company’s stock, valued at approximately $4,860,652.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Ryan Paul Hymel sold 11,125 shares of Playa Hotels & Resorts stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $7.59, for a total value of $84,438.75. Following the completion of the sale, the chief financial officer now directly owns 496,099 shares in the company, valued at approximately $3,765,391.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,847 shares of company stock valued at $362,697. 3.67% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. HG Vora Capital Management LLC raised its position in Playa Hotels & Resorts by 75.0% in the 2nd quarter. HG Vora Capital Management LLC now owns 4,550,000 shares of the company’s stock valued at $35,081,000 after buying an additional 1,950,000 shares during the last quarter. BlackRock Inc. raised its holdings in Playa Hotels & Resorts by 3.3% during the second quarter. BlackRock Inc. now owns 1,259,237 shares of the company’s stock worth $9,708,000 after acquiring an additional 40,079 shares in the last quarter. Vanguard Group Inc. raised its holdings in Playa Hotels & Resorts by 2.3% during the second quarter. Vanguard Group Inc. now owns 939,653 shares of the company’s stock worth $7,244,000 after acquiring an additional 21,120 shares in the last quarter. Keeley Teton Advisors LLC boosted its position in Playa Hotels & Resorts by 11.3% during the third quarter. Keeley Teton Advisors LLC now owns 530,963 shares of the company’s stock valued at $4,157,000 after purchasing an additional 53,922 shares during the last quarter. Finally, Boston Partners acquired a new position in Playa Hotels & Resorts during the third quarter valued at approximately $3,113,000. 68.10% of the stock is currently owned by institutional investors and hedge funds.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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